<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 10-44-1 - Definition of terms. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2038640Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2038640SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2038640CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2038640Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2038640DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2038640Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2038640DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2038640000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2038640SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2038640SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2038640Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-44-1"><span class="s2038640SENU">10-44-1</span></a><span xml:space="preserve" class="s2038640SENU">. </span><span class="s2038640CL">Definition of terms.</span></p><p dir="ltr" class="s2038640Normal-000000"><span class="s2038640DefaultParagraphFont">Terms used in this chapter mean:</span></p><p dir="ltr" class="s2038640Normal-000001"><span class="s2038640DefaultParagraphFont">(1)    "Company," any corporation, association, reciprocal or inter</span><span class="s2038640DefaultParagraphFont-000002">-</span><span class="s2038640DefaultParagraphFont">insurance exchange, and any other organization whatsoever, whether foreign or domestic, transacting business in South Dakota under the insurance laws of this state, as insurer, indemnitor, or surety;</span></p><p dir="ltr" class="s2038640Normal-000001"><span class="s2038640DefaultParagraphFont">(2)    "Consideration for annuity contracts," the gross amount of consideration received by a company during the preceding calendar year for annuity contracts on lives of residents in this state less annuity considerations returned, termination allowances on group annuity contracts and so</span><span class="s2038640DefaultParagraphFont-000002">-</span><span class="s2038640DefaultParagraphFont">called dividends on participating annuity contracts;</span></p><p dir="ltr" class="s2038640Normal-000001"><span class="s2038640DefaultParagraphFont">(3)    "Domestic company," any company organized under the laws of South Dakota;</span></p><p dir="ltr" class="s2038640Normal-000001"><span class="s2038640DefaultParagraphFont">(4)    "Foreign company," any company organized under the laws of a jurisdiction other than South Dakota;</span></p><p dir="ltr" class="s2038640Normal-000001"><span xml:space="preserve" class="s2038640DefaultParagraphFont">(5)    "Premiums," as defined under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-11-1"><span class="s2038640DefaultParagraphFont">58-11-1</span></a><span class="s2038640DefaultParagraphFont">, (but not including premiums received for re</span><span class="s2038640DefaultParagraphFont-000002">-</span><span class="s2038640DefaultParagraphFont">insurance and not including any consideration for annuity contracts) upon property or risks, resident or located within this state, less premium refunds, including refunds of deposits to subscribers of reciprocal or inter</span><span class="s2038640DefaultParagraphFont-000002">-</span><span class="s2038640DefaultParagraphFont">insurance exchanges, and so</span><span class="s2038640DefaultParagraphFont-000002">-</span><span class="s2038640DefaultParagraphFont">called dividends on participating policies.</span></p><p dir="ltr" class="s2038640Normal"><span xml:space="preserve" class="s2038640000003"> </span></p><p dir="ltr" class="s2038640Normal"><span class="s2038640SCL">Source:</span><span xml:space="preserve" class="s2038640SCL-000004"> SL 1951, ch 456, § 1; SDC Supp 1960, § 57.35A01; SL 1993, ch 98, § 2; SL 1995, ch 66, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 10-44-1 - Definition of terms. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2038641Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2038641SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2038641CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2038641Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2038641DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2038641000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2038641SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2038641SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2038641Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=10-44-1.1"><span class="s2038641SENU">10-44-1.1</span></a><span xml:space="preserve" class="s2038641SENU">. </span><span class="s2038641CL">Rules of director of insurance.</span></p><p dir="ltr" class="s2038641Normal-000000"><span class="s2038641DefaultParagraphFont">The director of the Division of Insurance may make reasonable rules to administer or interpret the provisions of this chapter to include, but not be limited to, definition of terms.</span></p><p dir="ltr" class="s2038641Normal"><span xml:space="preserve" class="s2038641000001"> </span></p><p dir="ltr" class="s2038641Normal"><span class="s2038641SCL">Source:</span><span xml:space="preserve" class="s2038641SCL-000002"> SL 1982, ch 110, § 4.</span></p></div></body></html>